In a strategic move that underscores the dynamic nature of the private equity landscape, Amplio Private Equity AB has announced the sale of its interest in Francks Kylindustri to IK Partners. This transaction, facilitated through Amplio's fund Segulah V, marks a significant milestone for Francks, a company that has firmly established itself as a leader in the Nordic refrigeration industry.

Founded in 1950, Francks Kylindustri has a storied history of providing installation and aftermarket services for commercial and industrial refrigeration systems. With a robust workforce of over 650 employees spread across 50 sites in Sweden, Norway, Denmark, and Finland, Francks has become a trusted partner to a diverse customer base of more than 1,000 clients. This clientele relies on Francks for their complex and business-critical cooling needs.

Since Segulah V acquired a majority stake in 2019, Francks has undergone a remarkable transformation. Under Amplio's stewardship, the company has expanded beyond its Swedish roots to become a Nordic market leader. This expansion was driven by a combination of organic growth initiatives and strategic acquisitions, resulting in over fourfold revenue growth and a fivefold increase in profitability.

Marcus Planting-Bergloo, Managing Partner at Amplio Private Equity, expressed confidence in Francks' continued success under the new ownership of IK Partners. He highlighted Francks' business-critical services and the structurally growing market as key factors that align with Amplio's investment strategy.

Sören Jensen, Group CEO of Francks, echoed this optimism, stating, "We are excited to embark on this next phase of growth as we look to further strengthen our position in the Nordics and beyond."

For investors considering their options, the sale of Francks represents a successful exit for Amplio, showcasing their ability to transform and grow businesses. While the future under IK Partners looks promising, potential investors should consider the robust growth trajectory and market leadership that Francks has demonstrated.

Given these factors, the recommendation for investors is to hold any existing positions in Amplio Private Equity, as the firm has demonstrated its capability to create significant value through its investments.